Bitcoin Soars in Nigeria as Government Promotes Digital Cash
Bitcoin (BTC) has seen an exponential increase in demand in Nigeria as the country’s central bank encourages the population to switch to digital cash. As a result, the price of Bitcoin has escalated tremendously above global market levels. The cost of one Bitcoin on Nigeria’s Crypto exchange is currently trading at around 17.6 million Naira, Nigeria’s currency, equivalent to $38,200 U.S.